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During the antebellum period,two systems of land use emerged-the self-sufficient system of?the North,which did not rely on specialization,and the specialized system of the South,which concentrated the use of slaves.
Uncovered Call Option
An option contract that is sold without holding an offsetting position in the underlier, thus exposing the seller to unlimited risk.
Uncovered Put Option
A type of options strategy where the seller of the put option does not have a sufficient position in the underlying asset, exposing them to potentially unlimited losses.
Digital Option
A financial instrument that provides a fixed return if the market price is above (for a call) or below (for a put) a certain level at expiration.
Bull Money Spread
A type of options strategy that is used when an investor expects a moderate rise in the price of the underlying asset.
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